🏢 General Information
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Full Name: Shell plc
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Industry: Oil, Gas, Renewable Energy
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Headquarters: London, United Kingdom
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Number of Employees: Approximately 90,000 (as of 2025)
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CEO: Wael Sawan (since 2023)
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Website: shell.com
📊 Financial Results for 2024
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Net Profit: $16.1 billion (compared to $19.4 billion in 2023)
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Adjusted Profit: $23.7 billion (in 2023, $28.3 billion)
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Adjusted EBITDA: $65.8 billion (in 2023, $68.5 billion)
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Free Cash Flow: $39.5 billion (in 2023, $36.5 billion)
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Net Debt: $38.8 billion (in 2023, $43.5 billion)
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Dividends per Share: $1.39 (in 2023, $1.29)
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Return on Average Capital Employed (ROACE): 11.3% (in 2023, 12.8%) (source)
📉 Q1 2025 Performance
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Adjusted Net Profit: $5.6 billion (compared to $7.7 billion in Q1 2024)
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Earnings per Share: $0.92
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Share Buyback: $3.5 billion (continuous buybacks, with over $3 billion total buyback in recent quarters)
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Oil Price: Brent crude is at $62 per barrel, below Shell's forecast of $70 per barrel
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Dividends per Share: $0.36
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Strategic Shift: Shell is increasingly focusing on traditional fuel sources, despite some reductions in renewable energy projects, such as exiting certain wind energy projects in the UK (source)
🔄 Strategic Changes and Future Plans
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Oil Production Growth: Shell plans a 1% annual increase in oil production by 2030.
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Renewable Energy Investment Reduction: Shell is scaling back its involvement in certain wind energy projects in the UK.
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Potential Merger with BP: Due to a 30% drop in BP's stock value, Shell is considering acquiring part of BP, but is currently focusing on share buybacks instead (source, source).